- 3 hours ago
- 8 min read

SafeMoon Lowdown (December 19th, 2022)

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Communication

Director of Marketing and Strategy Mr. Adult shared,

"Comms is being entirely reworked for 2023."

Global Community Manager Veno added,

"2021 we were very over-transparent, and that worked against us a lot. 2022 we pulled back quite a bit, and that also had its own drawbacks. 2023 we believe we can find a solid middle-ground between 'too much' and 'too little' information."

FUD

"No matter what words are typed, what promises are made, or what evidence is shown, Fud will always exist. Everyone is different and has various methods of understanding and reasoning. The only way to approach fud is #understanding, #respect and #kindness."

- Veno

Community Manager

pSafeMoon Cutoff

The dApp will be live on TODAY at 11 AM EST. Use the OFFICIAL LINK on SafeMoon.com once it goes live.

Have the tokens in the wallet you want to use for Migration
Don't transfer after the cutoff date/time ⚠️
Migrate tokens using the dApp from our official SafeMoon.com link once it's live
Have a small amount of ETH for gas fees
Tokens acquired in wallets after the cutoff date/time won't be eligible

Ranking

According to TradeDog, SafeMoon is one of the top BNBChain projects with greatest social volumes!

Community Content

Thoughts

"Happy Hanukkah SafeMoon Army! Wishing everyone a magnificent holiday season, no matter what you celebrate! ❤️❤️" - DreamingDefi, BBTF CSO

Spaces

"Come and join in the Christmas celebrations with the Safemoon Australia Discussion Space 😀" - Matt Ferny, co-host of Safemoon Australia Space

To set a reminder or check your local time

for the event, click the image above!

Food For Thought

"Create the future you envision and believe in it 💭 See opportunities where others do not see them 🙌 See paths where others see walls 🛣️ Those who have endurance will be the ones who stand out happily at the end when they achieve their goals 🌌"

- Gandalf

"All you have to decide is what to do with the time that is given to you."

"Smile in front of a mirror. If you have the ability to make yourself smile then why not attempt to make the whole world smile! You are the biggest motivator for yourself, others can sometimes be your medium. Positivity is to find goodness even in bad condition."

- Bryan Lawrence

Glow Token CEO

"You are the CEO of your life. Hire, fire, and promote accordingly."

- Success Minded

How Decentralized Tokens Can Help in Different Industries

Many investors are looking to buy bitcoin online for various purposes. These investors know that bitcoin is now useful in various industries. So, it makes sense for them to use cryptocurrency for a host of transactions.

These days, decentralized tokens are growing increasingly popular in more than one industry. These tokens are so-called because they are decentralized and run on the blockchain. They run alongside smart contracts which allows them to have diverse uses.

These uses extend to different industries including but not limited to finance. But, not everyone realizes the many uses that these tokens have to offer. This is why we’ll discuss how decentralized tokens are useful in various industries.

Read the full article by Metaverse Post to learn about different industries implementing DeFi tokens today!!

Blockchain News

Infrastructure Bill’s Crypto Tax Provisions Coming in January 2023

New cryptocurrency tax reporting requirements approved in November 2021 are slated to take effect in the new year, and traders should be prepared, accountants warn.

The Infrastructure and Investment Jobs Act, which was highly debated for its language around cryptocurrency in the months before it was passed, requires all cryptocurrency transactions of $10,000 or greater to be reported. Previously, the requirement only applied to transactions completed in cash.

Lawmakers anticipate collecting an additional $28 billion in tax dollars from this provision alone, according to crypto tax platform Ledgible.

The provision was set to be struck when the bill reached the Senate, but Alabama Republican Sen. Richard Shelby scotched an amendment to the must-pass bill at the last minute.

Just weeks before the act is set to take effect, top House Financial Services Committee Republican Patrick McHenry, R-N.C., penned a letter to the Treasury asked the crypto tax provisions to be delayed.

“As we have previously noted, Section 80603 is poorly drafted. As such, it could be wrongly interpreted as expanding the definition of a ‘broker’ beyond custodial digital asset intermediaries,” Rep. McHenry wrote in the letter. [Source: Blockworks]

Silvergate Faces Class-Action Lawsuit Over FTX and Alameda Dealings

A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled crypto companies FTX and Alameda Research.

The suit aims to hold Silvergate accountable for its alleged roles in placing FTX user deposits into the bank accounts of Alameda, which caused panic within the crypto market, eventually leading to both firms declaring bankruptcy.

The lawsuit was filed by the plaintiff, Joewy Gonzalez, on behalf of himself and others in the same situation. According to the suit, the plaintiff invested his savings in crypto through the FTX exchange as the platform promised investors that they were able to “store assets securely as they gained in value, cash them out or trade them for other assets.” [Source: Cointelegraph]

BNB Becomes Most Active Blockchain in Last 24 Hours Despite Binance FUD

The FUD around Binance has created a lot of fears among investors and pushed the withdrawal volume to an enormous $5 billion. A similar amount of withdrawals would have caused a catastrophe for any other exchange that is not Binance. But there is always an upside: as the FUD emerged, BNB's network activity spiked to unusually high values.

As Coin98Analytics suggests, BNB Chain reported the highest number of daily active users on the blockchain. With 1.1 million users, BNB reached the first place among other networks and easily gained the lead over the second place held by Ethereum with 402,000 users. [Source: U Today]

SafeMoon Stats

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SafeMoon Partners

Shido Finance

"We are officially releasing the Shido Chain Roadmap of 2023! Shido Layer 1 DPoS Blockchain is already in development. Alpha Testnet will be deployed in early February, Beta Testnet rolls out in March and we are planning to launch Shido Mainnet in May. 🌐 shido.finance/shidochain"

Original Tweet

Mirror Protocol

"🕎We wish you all a very Happy Hanukkah!🕯️"